Canada: Changes to anti-money laundering laws put PSPs, fintechs and crowdfunding platforms on notice

Changes to Canada's anti-money laundering laws are putting payment service providers, fintechs and crowdfunding platforms on notice. The choice of statutory language the government used in the order and regulations under the Emergencies Act, along with remarks at that time by the deputy prime minister and minister of finance, left a question mark regarding whether fundamental changes to the application of main federal anti-money laundering and anti-terrorist financing laws are afoot.

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